India head quartered Gautam Solar plans to raise INR1,000 crore through an Initial Public Offering (IPO) within the next 12 to 18 months to fund its 2 GW solar cell manufacturing project. This initiative is to expand its solar module manufacturing capacity to 5 GW by 2025. With India targeting 500 GW of renewable energy by 2030, Gautam Solar aims to contribute significantly by accounting for nearly 5-7% of the country’s solar energy capacity.
Gautam Solar plans INR1,000 crore IPO for expansion
The IPO will support Gautam Solar to expand solar module manufacturing capacity to 5 GW by 2025, contributing 5-7% of India’s solar energy capacity. (Image Credit/Source:Kindelmedia/pexels)
Construction projects are progressing with a view to being fully operational within the next 18 months. (Image Source: Cordelio Power)
With net profit up by 98.76% in Q1 FY25, KPI Green Energy continues to expand its solar capacity. (Image Credit/Source: TomFisk/Pexels)
By installing 39,960 solar panels, Emirates Engineering will save over 13,000 tons of CO2 emissions annually. (Image Source: DEWA)
With corporate PPAs from major clients, Enlight’s solar installations provide reliable energy in Israel’s newly deregulated power market. (Image Source: Enlight Renewable Energy)